Summary

A Bolivian arbitration tribunal awarded $36 million in damages to Compañía de Inversiones Mercantiles S.A. ("CIMSA") against Grupo Cementos de Chihuahua S.A.B. de C.V. ("GCC"). GCC fought the award in the Bolivian courts, losing before a chamber of Bolivia's highest constitutional court in 2016. 1 In 2019, CIMSA obtained an order from the U.S. District Court for the District of Colorado confirming the award. In 2020, GCC convinced a different chamber of Bolivia's highest constitutional court to invalidate its prior decision, and a Bolivian trial judge subsequently annulled the award. GCC then moved the U.S. district court to vacate the confirmation order. The district court (1) denied GCC's motion and (2) ordered GCC to turn over assets located in Mexico to satisfy the award. GCC brought separate appeals from these two rulings. Exercising jurisdiction under 28 U.S.C. § 1291, we affirm in both appeals.